GPO Plus, Inc. Files 10-Q for Period Ending Oct 31, 2024

TL;DR

GPOX filed its Q3 10-Q. Financials are in. Check it.

AI Summary

GPO Plus, Inc. filed a 10-Q for the period ending October 31, 2024. The company, formerly known as Global House Holdings Ltd. and Koldeck Inc., is incorporated in Nevada and headquartered in Las Vegas. Financial details such as revenue, net income, and cash flow are presented in the filing, though specific figures are not detailed in this summary.

Why It Matters

This filing provides investors with an update on GPO Plus, Inc.'s financial performance and operational status for the specified period, crucial for investment decisions.

Risk Assessment

Risk Level: medium — The filing is a standard 10-Q, but the company's financial performance and operational details require careful review for potential risks.

Key Numbers

• 2024-10-31 — Reporting Period End Date (Indicates the end of the fiscal quarter for which financial information is reported.)
• 2024-12-16 — Filing Date (The date the 10-Q was officially submitted to the SEC.)

Key Players & Entities

• GPO Plus, Inc. (company) — Filer of the 10-Q
• October 31, 2024 (date) — End of the reporting period
• Global House Holdings Ltd. (company) — Former company name
• Koldeck Inc. (company) — Former company name
• Nevada (location) — State of incorporation
• Las Vegas (location) — Company headquarters

FAQ

Filing Documents

• gpox_10q.htm (10-Q) — 1309KB
• gpox_ex311.htm (EX-31.1) — 12KB
• gpox_ex321.htm (EX-32.1) — 6KB
• 0001640334-24-001897.txt ( ) — 6723KB
• gpox-20241031.xsd (EX-101.SCH) — 76KB
• gpox-20241031_lab.xml (EX-101.LAB) — 381KB
• gpox-20241031_cal.xml (EX-101.CAL) — 49KB
• gpox-20241031_pre.xml (EX-101.PRE) — 343KB
• gpox-20241031_def.xml (EX-101.DEF) — 244KB
• gpox_10q_htm.xml (XML) — 1178KB

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION Item 1. Unaudited Condensed Financial Statements 4 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 30 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 35 Item 4.

Controls and Procedures

Controls and Procedures 31

- OTHER INFORMATION

PART II - OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 37 Item 1A.

Risk Factors

Risk Factors 37 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 37 Item 3. Defaults Upon Senior Securities 37 Item 4. Mine Safety Disclosures 37 Item 5. Other Information 37 Item 6. Exhibits 38

SIGNATURES

SIGNATURES 39 2 Table of Contents CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS Except for historical information, this report contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act") and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Such forward-looking statements include, among others, those statements including the words "believes", "anticipates", "expects", "intends", "estimates", "plans" and words of similar import. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are based on our current expectations and assumptions regarding our business, potential target businesses, the economy and other future conditions. Because forward-looking statements relate to the future, by their nature, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Our actual results may differ materially from those contemplated by the forward-looking statements. We caution you therefore that you should not rely on any of these forward-looking statements as statements of historical fact or as guarantees or assurances of future performance. Important factors that could cause actual results to differ materially from those in the forward-looking statements include changes in local, regional, national, or global political, economic, business, competitive, market (supply and demand) and regulatory conditions. A description of these and other risks and uncertainties that could affect our business appears in the section captioned "Risk Factors" in our Annual Report on Form 10-K which we filed with the Securities an

– FINANCIAL INFORMATION

PART I – FINANCIAL INFORMATION

FINANCIAL STATEMENTS

ITEM 1. FINANCIAL STATEMENTS. The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States and the rules of the SEC and should be read in conjunction with the audited consolidated financial statements and notes thereto contained in our Form 10-K. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the periods presented have been reflected herein. The results of operations for the periods presented are not necessarily indicative of the results to be expected for the full year. 4 Table of Contents GPO PLUS, INC. CONDENSED BALANCE SHEETS (Unaudited) October 31, April 30, 2024 2024 ASSETS Current Assets: Cash $ 16,363 $ 69,415 Accounts receivable 42,806 57,792 Prepaid expenses 37,552 35,140 Inventory, net 157,159 402,152 Total Current Assets 253,880 564,499 Finance lease right-of-use assets, net 184,992 209,317 Property and equipment, net 144,837 102,409 Intangible assets, net 19,513 33,772 TOTAL ASSETS $ 603,222 $ 909,997 LIABILITIES AND STOCKHOLDERS' DEFICIT Current Liabilities: Accounts payable and accrued liabilities 1,508,154 1,557,548 Accrued interest 378,214 276,190 Accrued liabilities - related parties 320,111 233,200 Deposits 167,662 - Convertible note payable, net of debt discount of $ 0 38,000 38,000 Promissory note payable, net of debt discount of $ 44,223 and $ 49,977 , respectively 2,184,647 1,969,893 Finance lease liabilities 45,663 43,710 Stock payable - related parties 36,282 23,239 Stock payable 248,272 167,703 Total Current Liabilities 4,927,005 4,309,483 Finance lease liabilities - non-current 122,804 146,186 Total Liabilities 5,049,809 4,455,669 Commitments and Contingencies (Note 11

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View this 10-Q filing on SEC EDGAR